MT5 Expert Advisor based on EMA + RSI + Stochastic strategy (XAUUSD)”

MQL5 Experts

Specification

IF no open trades
AND trading session is London or New York
THEN

  IF price > EMA50 AND price > EMA200
     SET trade_direction = BUY

  ELSE IF price < EMA50 AND price < EMA200
     SET trade_direction = SELL

  ELSE
     EXIT (do nothing)

  IF trade_direction = BUY
     AND RSI >= 10 AND RSI <= 25
     AND Stochastic_K crosses above Stochastic_D
     AND candle closes bullish
     THEN
        Open BUY trade
        Set Stop Loss
        Set Take Profit

  IF trade_direction = SELL
     AND RSI >= 80 AND RSI <= 90
     AND Stochastic_K crosses below Stochastic_D
     AND candle closes bearish
     THEN
        Open SELL trade
        Set Stop Loss
        Set Take Profit

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Project information

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Deadline
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